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    FORSTER DRILLING CORP 8-K (Events or Changes Between Quarterly Reports) 2009-02-23

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    Three note holders filed an involuntary Chapter 7 bankruptcy petition against Forster Drilling Corporation for unpaid notes totaling $65,000. The petition is pending in bankruptcy court. Forster Drilling participated in mediation and reached an agreement in principle to resolve the issues and have the petition dismissed, but no assurances can be made that the settlement will be finalized.

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    FORSTER DRILLING CORP 8-K (Events or Changes Between Quarterly Reports) 2009-02-23

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    http://secwatch.com
    33 views2 pages
    Three note holders filed an involuntary Chapter 7 bankruptcy petition against Forster Drilling Corporation for unpaid notes totaling $65,000. The petition is pending in bankruptcy court. Forster Drilling participated in mediation and reached an agreement in principle to resolve the issues and have the petition dismissed, but no assurances can be made that the settlement will be finalized.

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    FORSTER DRILLING CORP 8-K (Events or Changes Between Quarterly Reports) 2009-02-23

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    Three note holders filed an involuntary Chapter 7 bankruptcy petition against Forster Drilling Corporation for unpaid notes totaling $65,000. The petition is pending in bankruptcy court. Forster Drilling participated in mediation and reached an agreement in principle to resolve the issues and have the petition dismissed, but no assurances can be made that the settlement will be finalized.

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    Download as PDF, TXT or read online from Scribd
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    33 views2 pages

    FORSTER DRILLING CORP 8-K (Events or Changes Between Quarterly Reports) 2009-02-23

    Uploaded by

    http://secwatch.com
    Three note holders filed an involuntary Chapter 7 bankruptcy petition against Forster Drilling Corporation for unpaid notes totaling $65,000. The petition is pending in bankruptcy court. Forster Drilling participated in mediation and reached an agreement in principle to resolve the issues and have the petition dismissed, but no assurances can be made that the settlement will be finalized.

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    UNITED STATES
    SECURITIES EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

    FORM 8-K

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of

    The Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): December 31, 2008

    Forster Drilling Corporation


    .
    (Exact name of registrant as specified in its charter)

    Nevada 000-29603 91-2070995

    (State of organization) (Commission File Number) (IRS Employer Identification No.)

    2425 Fountain View, Suite 305


    Houston, Texas 77057

    (Address of principal executive offices) (Zip Code)

    Registrant’s Telephone Number, including area code: (713) 266-8005

    Former name or former address, if changed since last report: Not Applicable

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
    any of the following provisions:

    o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a- 12)

    o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Processed and formatted by SEC Watch - Visit SECWatch.com

    Item 1.03 Bankruptcy or Receivership.

    On November 25, 2008, three note holders of Forster Drilling Corporation, owning notes totaling $65,000.00, initiated and filed a Chapter 7
    bankruptcy petition to involuntarily liquidate the assets of Forster Drilling Corporation. The action is currently pending in the United States
    Bankruptcy Court of the Western District of Texas, Midland Division. A motion to dismiss the petition for improper venue and transfer the
    case to the Southern District of Texas is set for hearing on March 3, 2009. In an effort to resolve the matter, the Corporation participated in a
    mediation session in Midland, Texas, on February 6, 2009, and reached an agreement in principal to resolve the petitioner’s issues. The terms
    discussed include the dismissal of the Chapter 7 petition. The parties are currently exchanging settlement documents and the Corporation is
    using its best efforts to conclude the matter. While the Corporation is hopeful the matter will be resolved to the satisfaction of all parties
    involved, no assurances can be made that the settlement will be finalized and that the Chapter 7 petition will be dismissed.

    Item 9.01 Financial Statements and Exhibits

    (d) Exhibits

    The following exhibit is to be filed as part of this 8-K:

    EXHIBIT NO. IDENTIFICATION OF EXHIBIT

    99.1 No Exhibits

    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
    the undersigned hereunto duly authorized.

    Forster Drilling Corporation

    By: /s/ Frederick C. Doutel, Jr.


    Frederick C. Doutel, Jr., Chief Executive Officer

    DATE: February 20, 2009

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